What is management consultant’s insurance?

As a business or management consultant, you help other companies to get better and dream bigger.

You understand processes and problem-solving, delivering solutions to drive business change and improve turnover. Clients rely on your expertise, and your opinion is your most valuable asset.

But what happens if advice you’ve given causes a financial loss for the client? If someone trips and injures themselves on a visit to your office, or you accidentally cause damage on a visit to theirs?

AXA’s flexible business insurance for consultants offers protection against legal costs and compensation claims – whether they’re from clients, visitors or staff. Our cover offers up to £5 million in professional indemnity cover to protect against claims related to advice or designs you’ve supplied.

And as your company grows, possibly expanding into its own office or taking on more staff, your insurance can be tailored to grow with you.

Why do consultants need professional indemnity insurance?

The advice and guidance you provide is the lifeblood of your business.

You’re an expert, and other businesses rely on your knowledge for their development and success. That comes with responsibility too, and what might work well for one company could result in losses for another.

With AXA’s professional indemnity insurance for consultants, you can get up to £5 million cover to protect you in case advice that you provide causes a financial loss to one of your clients  and a claim is made against you.

Choose to start your cover retroactively and you can get protection for the work your business has done since its beginning, from the second you buy your policy.

How much does business or management consultant insurance cost?

In 2019,10% of our business consultant customers paid £80.64 for their business insurance, while management consultants paid £106.77 for their cover. But every company’s different, and the needs of your business will be totally unique. That’s why AXA offer tailored, flexible cover – so your insurance can grow as your business does. The quickest way to find out your price? Get a quote online – it’ll only take a couple of minutes, plus you’ll get a 10% discount for purchasing through our website.

IT contractor insurance

As an IT specialist, you help other businesses sort their technical processes and achieve their goals. That’s why you need insurance that can target the specific work you do.

With our buildable cover, you can tailor your insurance to protect you where you need it most.

Take a look at our business insurance for IT contractors

 

What insurance do I need as a business or management consultant?

Select from this range of covers and build the cover that suits your business.

Professional indemnity

Up to £5 million cover if you’re found to provide advice, design or suggestions that have caused a financial loss for a client.

Find out more

Public liability insurance

Protect your business in case of injury or damaged caused to a third party or premises.

Find out more

Employers’ liability insurance

Keep your staff safe with employers’ liability insurance.

Find out more

Contents cover

Safeguard what’s in your workspace with our contents insurance.

Find out more

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